B S E : 5 3 2 8 5 6 | N S E : T I M E T E C H N O | I S I N : I N E 5 0 8 G 0 1 0 2 9 | C I N : L 2 7 2 0 3 D D 1 9 8 9 P L C 0 0 3 2 4 0

©2020, Time Technoplast Ltd., All Rights Reserved

Earnings Presentation FY20/ Q4-FY20

June 2020

Time Techno at a Glance

2

FY20 Financial Highlights

Consistent dividend paying company

Revenues by Product Category (FY20)

REVENUES

₹35,803Mn

EBITDA

₹5,011 Mn

PAT

₹1,691Mn 0.4%

(4.9)% (16.6)%

Largest Large size Plastic Drums

manufacturer

2nd Largest Composite Cylinder

manufacturer

3rd Largest Intermediate Bulk Container

(IBC) manufacturer

Packaging

Batteries

Worldwide Ranking

71%

Geographic Revenue Breakup (FY20)

29% Packaging Products

Plastic Drums,

Jerry cans,

Pails

Includes all Products

60% 9%

5%

4%

3%

Time Technoplast

3

Time Technoplast Limited (Time Tech) is

a multinational company and one of

the leading manufacturer of

technology based polymer and

composite products

Strong presence in Asia & MENA

regions with presence in 10 different

countries outside India

Has 14+ recognized brands and works

with >900 institutional customers

globally

Well established inhouse R&D team of

around 30 people having experience

of more than 15 years for upgrading

existing and developing futuristic

products by using latest processing

technology

Business Mix

Industrial Packaging

Polymer Drums,

Jerry Cans,

Pails

Infrastructure

Polyethylene (PE) Pipes,

Energy storage devices

Technical & Lifestyle

Turf & Matting,

Disposable Bins,

Auto Products

Intermediate

Bulk

Container

(IBC)

Composite

Cylinders

MOX Film

(Techpaulin)

Established Products Value-Added Products

Marquee Clients

Chemicals

BASF, Huntsman, Bayer,

Aditya Birla Chemicals,

Du Pont, Dow, Eco Lab,

Solvay, Etc.

Petrochemicals

Shell, Indian Oil, Gulf,

ExxonMobil, Total, etc.

Auto

Ashok Leyland, Tata

Motors, Eicher Motors,

Volvo, Etc.

Others

Cargill, GE, L&T, Nestle,

Wipro, LEAP India, Etc.

Product Portfolio

4

Est

ab

lish

ed

Pro

du

cts

V

alu

e-A

dd

ed

P

rod

ucts

Bra

nd

P

rod

uct

B

ran

d

Pro

du

ct

Bra

nd

P

rod

uct

Drums & Containers Jerry Cans Conipack Pails DWC Pipes HDPE Pipes

Mats Rain Flaps

Composite

IBCs MOX

Films

Composite

Cylinders

Revenue Share – FY20

81%

19%

Established

Products

Value-Added

Products

Energy Storage

Devices

Fuel Tanks

Q4-FY20 Key Financial Highlights (Consolidated)

5

Particulars (INR Mn) Q4-FY20 Q4-FY19 Y-o-Y Growth

Total Income 9,171 10,844 (15.4) %

EBITDA 1,191 1,720 (30.8) %

EBITDA Margins(%) 12.99% 15.86% (287) Bps

PAT 383 737 (48.0) %

PAT Margins(%) 4.18% 6.79% (261) Bps

Cash Profit 773 1,142 (32.3) %

Volume Growth (11) %

Note:

There is a shortfall in revenues and margin in Q4-FY20 due to lockdown on account of Covid-19 in India and Overseas

FY20 Key Financial Highlights (Consolidated)

6

Particulars (INR Mn) FY20 FY19 Y-o-Y Growth

Total Income 35,803 35,670 0.4 %

EBITDA 5,011 5,267 (4.9) %

EBITDA Margins(%) 14.00% 14.77% (77) Bps

PAT 1,691 2,027 (16.6) %

PAT Margins(%) 4.72% 5.68% (96) Bps

Cash Profit 3,312 3,546 (6.6) %

Volume Growth 4 %

Notes:

1) There is a shortfall in revenues and margin in Q4-FY20 due to lockdown on account of Covid-19 in India and Overseas

2) The Board of Directors have recommended dividend of 95% i.e. Rs 0.95 (P.Y. Rs 0.90) per equity share of Rs 1/- each of the Company for the year ended 31st March, 2020, subject to

approval of Shareholders

FY20 Highlights

7

35,670 35,803

FY19 FY20

5,267 5,011

FY19 FY20

YoY Growth

0.4%

YoY Growth

Revenue growth achieved: 0.4 % (India: (0.2)%; Overseas: 2%)

Volume growth achieved: 4% (India: 4%; Overseas: 5%)

In FY20 India contributed 71% and Overseas contributed 29% towards total revenue

The value added products grew by 3% in FY20 as compared to the FY19. The share of value added products is 19.10% of the total sales in FY20 as against

18.6% in FY19. The company’s focus remains to increase the share of value added products in its revenue and improve margins.

Established

Products

81%

Value

Added

Products

19%

Revenue Share- FY20

(4.9)%

FY20 Operational Highlights

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• Capacity utilization: Overall 80% (India – 82%; Overseas – 75%)

• Total capex in FY20: INR 1,454 Mn

Established Products for capacity expansion, re-engineering and automation: INR 944 Mn

Value Added Products: INR 510 Mn

Pipes

• Healthy Order Book continues in our PE Pipe business of ~INR 3,250 Mn

• Supply of newly launched new generation multilayer PE pipes for power / communication cable duct with silicon in-lining continues to get overwhelming business. The pipes/ducts have substantial business potential specially in Smart Cities.

Industrial Packaging

• Completed Greenfield project for manufacturing of IBC Bottle in Chicago & Houston, USA and commenced Commercial Sale for which we are receiving overwhelming response.

• Greenfield expansion at Iowa, USA is under progress and to be completed by Q2-FY21

• Project of Greenfield manufacturing facility at Malur near Bengaluru, India for manufacturing of packaging product is completed and production started in Q1 of FY20.

• Brownfield expansion in India and overseas locations continues for future growth and leveraging of existing infrastructures.

MOX

• Company innovating new applications of the MOX films. The Company is launching new products in the market like Truck covers, Pond Liners, Mulching Film & Poly house Films.

• Focusing on new export markets i.e. Thailand, Malaysia, Germany, UK & USA

Polymer and Composite Products

9

Polymer Products* Composite Products** Revenue Share

*Polymer Products: HM-HDPE plastic Drums/Jerry Cans and Pails, Polyethylene (PE) pipes, Turf & Mattings, Disposable Bins and MOX Films

**Composite Products: Intermediate Bulk Containers (IBC), Composite Cylinders, Energy storage devices, Auto Products and Steel Drums

Polymer

Products,

70.94%

Composite

Products,

29.06%

Revenue Share- FY19

Polymer

Products,

70.91%

Composite

Products,

29.09%

Revenue Share- FY20

25,303 25,388

FY19 FY20

10,367 10,415

FY19 FY20

EBITDA

14.65% EBITDA

13.88%

EBITDA

15.05% EBITDA

14.27%

YoY Growth

0.34%

YoY Growth

0.46%

Consolidated Financials Highlights

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Total Income (₹ Mn) EBITDA (₹ Mn) PAT (₹ Mn)

Total Debt To Equity (X) EPS (₹) ROCE %

31,049

35,670 35,803

FY18 FY19 FY20

4,752

5,267 5,011

FY18 FY19 FY20

1,804

2,027

1,691

FY18 FY19 FY20

0.52

0.50

0.46

FY18 FY19 FY20

7.98 8.96

7.46

FY18 FY19 FY20

15.7% 16.0%

13.4%

FY18 FY19 FY20

Historical Consolidated Income Statement

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Particulars (INR Mn) FY20 FY19 FY18

Total Income 35,803 35,670 31,049

Total Expenses 30,792 30,403 26,297

EBITDA 5,011 5,267 4,752

EBITDA Margin (%) 14.00% 14.77% 15.30%

Finance Cost(Net) 1,082 986 875

Depreciation 1,562 1,461 1,372

PBT 2,367 2,820 2,505

Tax 617 735 652

PAT before Minority Interest 1,750 2,085 1,853

Minority Interest 59 58 49

PAT after Minority Interest 1,691 2,027 1,804

PAT Margins (%) 4.72% 5.68% 5.81%

Basic & Diluted EPS [INR] 7.46 8.96 7.98

Consolidated Balance Sheet

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Particulars (INR Mn) FY20 FY19 Particulars (INR Mn) FY20 FY19

Equity & Liabilities ASSETS

Shareholder's Funds

Share Capital 226 226 Non-Current Assets

Other Equity 17,925 16,466 Fixed Assets

Total Shareholder's Fund 18,151 16,692 Property, Plant & Equipment 12,857 12,785

Minority Interest 521 463 Intangible Assets 4 6

Non-Current Liabilities Capital Work-in-Progress 805 983

Long-Term Borrowings 3,315 3,183 Right-to-Use Assets* 633

Lease Liabilities* 581 Others Financial Assets/Long Term Loans & Advances 294 274

Deferred Tax Liabilities (Net) 792 730

Total Non Current Liabilities 4,688 3,913 Total Non Current Assets 14,593 14,048

Current Liabilities

Short-Term Borrowings 4,309 4,231 Inventories 7,577 7,373

Trade Payables 4,435 4,749 Trade Receivables 8,207 7,842

Other Financial Liabilities 776 991 Cash and Cash Equivalents & Bank Balance 825 666

Other Current Liabilities 350 452 Other Advances 1,677 788

Short-Term Provisions 106 92 Other Current Assets 764 1,281

Current Tax Liabilities 307 415 Total Current Assets 19,050 17,950

Total Current Liabilities 10,283 10,930

TOTAL - EQUITY AND LIABILITIES 33,643 31,998 TOTAL - ASSETS 33,643 31,998

* Assets and liablities created in compliance of IND AS – 116 effective from 1st April, 2019 for long term properties (offices and factories) taken on rental basis.

Capital Market Information

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Marquee Investors as on 31st March, 2020 (% of Total Equity)

NT Asian Discovery Fund 15.1

HDFC Trustee 9.0

Kapitalforeningen Investin Pro - Dalton 3.8

Grandeur Peak 3.6

Reliance Capital Trustee Co. Ltd.

A/c Reliance Tax Saver (ELSS) Fund 1.1

13%

11%

25%

51% Promoter

Public

Mutual Funds

FIIs. & Foreign

Companies

Total Shareholders > 30,000

© 2020 Time Technoplast Limited, All Rights Reserved.

“Time Technoplast” and The Time Technoplast Logo are trademarks of Time Technoplast Limited. In addition to Company data, data from market research agencies, Stock Exchanges and industry publications has been used for this presentation. This

material was used during an oral presentation; it is not a complete record of the discussion. This work may not be used, sold, transferred, adapted, abridged, copied or reproduced in whole on or in part in any manner or form or in any media without the

prior written consent. All product names and company names and logos mentioned herein are the trademarks or registered trademarks of their respective owners.

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For further information, please contact:

Mr. Anuj Sonpal

Valorem Advisors

+91 22 4903 9500

time@valoremadvisors.com

Mr. Hemant Soni

Head- Legal & Company Secretary

+91 22 7111 9294

hemant.soni@timetechnoplast.com